Skip to main content

About your Search

20121121
20121129
SHOW
STATION
KQEH (PBS) 1
KRCB (PBS) 1
LANGUAGE
Search Results 0 to 1 of about 2 (some duplicates have been removed)
PBS
Nov 21, 2012 12:00am PST
.a.c. capital advisors in connecticut which is run by billionaire steve cohen gathered inside information about an alzheimers cli.$kal drug trial that was being conducted. based on that information he built a position of $700 million in the two drug companies that were running the trial. through his connections with a neurologist at the university of michigan, he gathered inside information about the progress of that clinical drug trial first building the position in the stock when he thought the trial was going well and then when he affirmatively learned it was not going so well he had the sell all of its shares and stock options. gained or avoided losses of $276 million. >> what do we know about this firm and this individual? some of his employees have been in the cross hairsÑi before. >> cohen had one of the best track records on wall street in terms of running his hedge fund. he's had returns averaging 30% a year since 1992. he personally is worth about $8 billion. six of his employees have been criminally charged in the last three years in the wall street crackdown on insider trading by u
Search Results 0 to 1 of about 2 (some duplicates have been removed)